Professional Bookkeeping Services

Shomax Bookkeeping Solutions offers full service bookkeeping to fit the needs of your business!
bookkeeping financials

Accurate financials

Bookkeeping is the last thing you want to be worrying about. With Shomax, you can count on your books being finished on time.
bookkeeping accounting services

Track every detail

Tax time doesn't leave room for errors. Having a bookkeeper ensures accuracy for your books and peace of mind for you.
bookkeeping taxes

Tax time support

We work with your CPA or Tax Professional at tax time we can ensure the accuracy of your books.
bookkeeping business time

Adapt to your business

Your bookkeeping needs will evolve over time and we will ensure you're always getting the support you need.

Why a Bookkeeper & What Does a CPA do?

 

Connect with us!

How can a budget assist in increasing your bottom line?

When monitoring your budget you are setting goals for your revenue and cutting costs. Ask me how. Get prepared for 2020 to be your best year ever!

Call Shomax today 352.587.4949
... See MoreSee Less

View on Facebook

2018 Bonuses—what’s taxable, what’s not

A cash bonus, no matter how small, is wages subject to FITW, FICA, FUTA and applicable state/local payroll taxes.

Discretionary (lump-sum) bonuses. To be discretionary (excludable from overtime calculations)—it must be the employer who decides when and how much to give.

Exception: Holiday bonuses can be discretionary, even if expected each year.

Nondiscretionary bonuses are those required under a contract, agreement or promise, express or implied.

Signing and related bonuses. A bonus given for signing or cancelling an employment contract is wages subject to FIT, FITW, FICA and FUTA.
... See MoreSee Less

View on Facebook

What's the best way to avoid a potential problem with payroll taxes? OUTSOURCE!

IRS Denial of Installment Plan Request

The IRS has shown increasing willingness to work out installment agreements with business entities that could not meet their tax obligations. This does not include unpaid payroll taxes.
The IRS is vigilant about pursuing payroll tax debtors. In fact it may impose tax liability for the full amount of back taxes on a business owner. However, a tax debtor may arrange an affordable payment plan if these six requirements are met:
1. The taxpayer files any outstanding employment tax returns.
2. The taxpayer makes all current quarterly payroll tax deposits.
3. The taxpayer completes Form 433-B, Collection Information Statement for Businesses.
4. The taxpayer gathers documents to back the entries made on Form 433-B.
5. The taxpayer provides the financial information to the IRS agent working on the case and requests an installment agreement in writing.
6. The taxpayer complies with any deadlines set by the IRS to provide additional documents or information.

How can Shomax help? call us at 352.587.4949
... See MoreSee Less

View on Facebook

What is your peace of mind worth?

Has your tax return been completed and were you pleased with the outcome? The only people that look forward to an IRS audit are IRS auditors, and the best way to avoid their scrutiny is to make sure your tax return is in compliance with the tax laws. How can you do that? The best way to do that is to hire a professional bookkeeper.

Call the professional at Shomax (352) 587-4949 or visit us at our website: shomaxbookkeeping.com
... See MoreSee Less

View on Facebook

Mistakes Will Cost You.

If you do your own bookkeeping, you are much more likely to make mistakes … and they can cost you big. Even simple math errors can cause inaccuracies which will cause your tax return to be inaccurate, leaving you liable for past taxes, penalty, interest and even criminal prosecution for errors the IRS believes are not accidental.
... See MoreSee Less

View on Facebook

Sit down with us today and discover how we can help you